What is a yield curve, and why are stock investors interested in its shape?
With school back in session, many parents are likely thinking about how best to prepare for their children’s future college expenses. Now is a good time to sharpen one’s pencil for a few important lessons before heading back into the investing classroom to tackle the issue.
In early June the trustees who run Medicare and Social Security released a report that said that the Medicare program will become insolvent in 2026 and Social Security will face a similar fate in 2034. For the first time in many a decade the combined Social Security trust funds as well as the Medicare hospital insurance trust fund will begin eating into their reserves later this year.
One of the little discussed provisions of the Tax Cuts and Jobs Act of 2017 is one that impacts alimony payments. Prior to the new law, alimony payments were deductible off the payer’s income, just like mortgage interest or real estate taxes; and the payments were counted as income by the recipient spouse. The new law makes alimony payments nondeductible for the payer and non-taxable for the recipient.